October 17, 2016 Comments Off on Health Plan Acquires Empire Lakes Office Asset Views: 633 California News, Inland Empire, West

Health Plan Acquires Empire Lakes Office Asset

Inland Empire Health Plan (IEHP) acquired Empire Lakes Corporate Center from the Utah State Retirement Fund for $44.3 million. The 241,292-square-foot, Class A office building is located within a 380-acre, master-planned development in Rancho Cucamonga, CA.

IEHP, which also owns a neighboring 400,000-square-foot property, relocated and consolidated operations into a single site from multiple locations in San Bernardino in 2013. The acquisition of Empire Lakes Corporate Center provides for additional occupancy, parking and approximately 20 acres of land for future expansion

Savills Studley’s Josh Gorin represented the buyer. Lee & Associates’ Andrew Peake and Thomas P. Pierik represented the seller.

Gorin says, “The most recent acquisition affords IEHP with an opportunity to accommodate its rapidly growing workforce and create a corporate campus to better serve its expanding community of members.”

Connect with Savills Studley’s Gorin

Connect with Lee & Associates’ Pierik

For comments, questions or concerns, please contact Dennis Kaiser

Tags: , , ,

Comments are closed.